Shares of TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $41.55 and last traded at $41.51, with a volume of 173686 shares traded. The stock had previously closed at $39.28.
Analyst Ratings Changes
A number of analysts recently weighed in on TATT shares. Zacks Research upgraded shares of TAT Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Stifel Nicolaus started coverage on shares of TAT Technologies in a research note on Tuesday, September 16th. They set a "buy" rating and a $44.00 target price on the stock. Truist Financial started coverage on shares of TAT Technologies in a research note on Wednesday, June 4th. They set a "buy" rating and a $35.00 target price on the stock. Lake Street Capital started coverage on shares of TAT Technologies in a research note on Wednesday, June 18th. They set a "buy" rating and a $37.00 target price on the stock. Finally, Benchmark upped their price target on TAT Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $38.00.
View Our Latest Analysis on TATT
TAT Technologies Price Performance
The company has a quick ratio of 2.42, a current ratio of 4.67 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $35.43 and a two-hundred day moving average price of $30.87. The firm has a market capitalization of $518.60 million, a price-to-earnings ratio of 33.84 and a beta of 0.78.
TAT Technologies (NASDAQ:TATT - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The aerospace company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $43.10 million during the quarter, compared to analysts' expectations of $43.85 million. TAT Technologies had a return on equity of 10.90% and a net margin of 8.21%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in TATT. Virtus Advisers LLC purchased a new position in shares of TAT Technologies in the first quarter valued at $45,000. Catalyst Capital Advisors LLC acquired a new stake in shares of TAT Technologies during the first quarter valued at $63,000. Osaic Holdings Inc. boosted its stake in shares of TAT Technologies by 470.9% during the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company's stock valued at $166,000 after acquiring an additional 4,474 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of TAT Technologies during the first quarter valued at $207,000. Finally, Morgan Dempsey Capital Management LLC boosted its stake in TAT Technologies by 72.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company's stock worth $221,000 after buying an additional 3,050 shares during the last quarter. Hedge funds and other institutional investors own 15.13% of the company's stock.
TAT Technologies Company Profile
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TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.
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